Moody’s Investors Service lowered its outlook on Lebanon’s banking system to negative from stable, citing slowed economic growth and regional
Lebanon’s parliament has approved a new energy law which paves the way for exploration of offshore oil and natural gas.
Lebanon should cut its public debt to about 80 percent of gross domestic product, from the current level of 147
By Ghassan Karam
Sovereign debt, as a potentially crippling fiscal problem world wide, has risen to the forefront over the past few months.
French Finance Minister Christine Lagarde announced on Friday a one-year extension on a 225 million euro (323 million dollar) loan